peppercorn rent - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “peppercorn rent”

See all translations

peppercorn rent

noun [C]
 
 
UK
LAW, PROPERTY a very small amount of money that is paid by someone who is renting a building or piece of land so that the arrangement between them and the owner of the property is legal: The charity secured a 20-year lease on the building at a peppercorn rent of £1.
Translations of “peppercorn rent”
in Chinese (Traditional) 象徵性租金,極低的租金…
in Chinese (Simplified) 象征性租金,极低的租金…
(Definition of peppercorn rent from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of peppercorn rent?
Add Cambridge dictionaries to your browser to your website

Definitions of “peppercorn rent” in other dictionaries

Word of the Day

lateral thinking

a way of solving a problem by thinking about it in a different and original way and not using traditional or expected methods

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

plyscraper noun

May 18, 2015
a skyscraper made mainly from wood The development of engineered timber could herald a new era of eco-friendly ‘plyscrapers’. Christchurch welcomed its first multistorey timber structure this year, there are plans for Vancouver, and the talk is China could follow

Read More